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Dogecoin Leaps to 1-Month High as ATM Operator Adds the Coin to Its Network
The cryptocurrency can now be traded at ATMs run by Bitcoin of America.
Updated May 11, 2023, 5:04 p.m. Published Mar 24, 2022, 4:43 p.m.
Dogecoin (DOGE) touched a one-month high Thursday, a day after Bitcoin of America announced plans to add support for the doggy-themed cryptocurrency to its network of more than 1,800 ATMs across 31 U.S. states.
The dogecoin price rose 4% in the past 24 hours, hitting $0.141 at one point during the day, its highest price since Feb. 21. At press time, DOGE was changing hands at $0.136.
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Bitcoin of America, which describes itself as a virtual currency exchange registered as a money services business with the U.S. Treasury Department, said it "recognized the growing popularity of Dogecoin and decided it was time to include it."
With the ATMS, customers can buy certain kinds of cryptocurrencies with cash or sell them for cash. Ether, the native token of the Ethereum network, was added to the ATM network in October.
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Last week, the price of DOGE jumped after the billionaire Tesla CEO Elon Musk tweeted that he won’t sell his crypto holdings, including dogecoin.
The token is still well off its all-time high of $0.74 reached early last year.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Ano ang dapat malaman:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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